However, some are questioning the accuracy of those documents, since European regulations require asset managers to safeguard investors money.
In the first quarter, the firm's FiNet channel for advisors working as independent contractors recruited advisors with $9 billion in client assets.
Top executive Jane Fraser dismisses speculation Citi wants to buy a U.S. retail bank while touting surging revenues for the megabank's wealth unit and the firm as a whole.
Finance and education veteran Walter Rendon wants to ensure that more young people get the training and mentorships that helped him break into the field.
Most "regional firms" still have fairly generous compensation for advisors at the low end of revenue production. But at Janney and RBC, the pay rates are lower and much closer to those of large Wall Street firms.
Traditionally, regional firms were places where advisors with mid-level revenue production could find comfortable homes. Janney and RBC show how that's changing.
For wealth management firms, organic growth is often tied directly to marketing.
